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martha: as congress approaches the deadline for the fiscal cliff house majority leader eric cantor joins us live in "america's newsroom" to talk about the deadline, the negotiations, the concessions, what is this going to look like? we'll be right back. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. bill: now we have new questions about president obama's healthcare law. 16 governors refuse to set up state-run health insurance exchanges instead forcing the federal government to come up with a system instead. what does that mean for the law? steven moore senior economic writer wall street jr. matt mccall the president of penn financial group. gentlemen, good morning to both of you. steven le
martha: as congress approaches the deadline for the fiscal cliff house majority leader eric cantor joins us live in "america's newsroom" to talk about the deadline, the negotiations, the concessions, what is this going to look like? we'll be right back. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their...
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Nov 26, 2012
11/12
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and pull us back from fiscal cliff. we can only hope. >> cyber monday is tomorrow, we are not done yet! >> chris: always selling! up next, foreign policy hot spots, our sunday group weighs in on egypt, gaza, and, the ongoing probe of the benghazi terror attack. ♪ our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. >> i must put myself on a clear path. that will lead to the achievement of a clear goal. >> this is a new era. in egypt. this is not wha
and pull us back from fiscal cliff. we can only hope. >> cyber monday is tomorrow, we are not done yet! >> chris: always selling! up next, foreign policy hot spots, our sunday group weighs in on egypt, gaza, and, the ongoing probe of the benghazi terror attack. ♪ our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to...
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Nov 26, 2012
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will they come up with a way to avoid the fiscal cliff? finishes >> we're relegated to a group of people meeting in secret, plotting some sort of scheme that they think is best for america. >> the fiscal cliff is not going to happen. so the ceiling -- the sky's not going to fall. >> chris: senators jeff session and congressman charlie wrangle on prospects for avoiding the fiscal cliff. liz, is charley wrangle right, the sky is not falling? >> i wouldn't say charlie's not right. i think the potential damage done by going off the fiscal cliff is so significant i would hope even in this town that's very divided people could come together to avoid it. what concerns me is the whole terrain we're on is an argument about whether or not to raise taxes on upper income earners. the argument ought to be is the president willing to put forward spending proposals and cuts that are serious enough to come to an agreement. the president is pushing a fallacy which i've watched some sundays bill kristol buy into on the panel that we can solve our problem. >
will they come up with a way to avoid the fiscal cliff? finishes >> we're relegated to a group of people meeting in secret, plotting some sort of scheme that they think is best for america. >> the fiscal cliff is not going to happen. so the ceiling -- the sky's not going to fall. >> chris: senators jeff session and congressman charlie wrangle on prospects for avoiding the fiscal cliff. liz, is charley wrangle right, the sky is not falling? >> i wouldn't say charlie's not...
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Nov 26, 2012
11/12
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the focus shifting to negotiations over the fiscal cliff. also european leaders meeting to try to strike a deal over aid for greece. something they've been trying to do now for many weeks. unclear how much further along they are. also a lot of chatter about whether the recent votes are indicative of a real desire to secede or not from spain. europe. a year ago we were dealing with it every moment. >> 7.5% yield. what a steal those bonds were. >> that is true. if you bought italian bonds a year ago, you are happy you did so. >> consumer confidence today multiyear high in italy. >> don't forget the europeans are doing well. germany is back in that 22%, 23%, that we would kill for. i don't think europe is as big an issue anymore. i don't. i do think fiscal cliff momentum has stalled. you needed to have nonstop momentum on this issue. i just didn't get the sense of anything happening. >> we definitely flattened out today. you read some of what buffett is saying in the times and corker in "the washington post." there's no clear signal they're mov
the focus shifting to negotiations over the fiscal cliff. also european leaders meeting to try to strike a deal over aid for greece. something they've been trying to do now for many weeks. unclear how much further along they are. also a lot of chatter about whether the recent votes are indicative of a real desire to secede or not from spain. europe. a year ago we were dealing with it every moment. >> 7.5% yield. what a steal those bonds were. >> that is true. if you bought italian...
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Nov 26, 2012
11/12
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KGO
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cliff go into effect this is a live look of the senate floor, you see mcconnell the minority leader speaking now. president obama and congressional leaders are not expected to meet this week they want give staffers more time to work through differences first. the president is expected to hit the road to lied public support for his proposal. -- road to mobilize public support for his proposal. >>> current secretary of date will be termed out in 2014, if elected, ye hopes to expand california's online voter registration program into an online voting program. >>> that fog is hanging tough today itch >> worst spot is sfo, just a quarter mile visibility there, sunny and -- sunny and 60 in san jose now. fog in the north bay improving, we are looking at oakland, with foggy conditions, and vollmer peak. a big change all straight ahead. >>> plus, the hidden dangers of those bouncey houses. new report on how many kids they send to the hospital. >>> some bay area school kids get a surprise visit from one of the stars of thedkx ñ >>> new study out about the danger of those bouncey houses popu
cliff go into effect this is a live look of the senate floor, you see mcconnell the minority leader speaking now. president obama and congressional leaders are not expected to meet this week they want give staffers more time to work through differences first. the president is expected to hit the road to lied public support for his proposal. -- road to mobilize public support for his proposal. >>> current secretary of date will be termed out in 2014, if elected, ye hopes to expand...
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Nov 26, 2012
11/12
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goes off the the so called fiscal cliff, it will increase the likelihood of another recession. lawmakers say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is avoid becoming brief and republicans should put revenue on the table. >> the big questions are whether republicans are open top some forms of tax increases and whether democrats will consider cuts to entitlement programs. >>> e elected officials including the governor and all the legislatures are getting their pay cut by 5%. for example, pay for the attorney general palilia harris is being cut to $143,000. that's a hundred thousand less than her replacement. but people don't run for office for the money. >> they're doing it because of a variety of factors, including the pursuit of power, the ambition to go to higher places and also of course hopefully public service that they want to give back to their community. >> the california citizens compensation commission ordered the pay cuts and they cut per diem pay by 18%. >>> carbon monoxide sent more than
goes off the the so called fiscal cliff, it will increase the likelihood of another recession. lawmakers say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is avoid becoming brief and republicans should put revenue on the table. >> the big questions are whether republicans are open top some forms of tax increases and whether democrats will consider cuts to entitlement programs. >>> e elected officials...
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Nov 26, 2012
11/12
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cliff go into effect this is a live look of the senate floor, you see mcconnell the minority leader speaking now. president obama and congressional leaders are not expected to meet this week they want give staffers more time to work through differences first. the president is expected to hit the road to lied public support for his proposal. -- road to mobilize public support for his proposal. >>> current secretary of date will be termed out in 2014, if elected, ye hopes to expand california's online voter registration program into an online voting program. >>> that fog is hanging tough today itch >> worst spot is sfo, just a quarter mile visibility there, sunny and -- sunny and 60 in san jose now. fog in the north bay improving, we are looking at oakland, with foggy conditions, and vollmer peak. a big change all straight ahead. >>> plus, the hidden dangers of those bouncey houses. new report on how many kids they send to the hospital. >>> some bay area school kids get a surprise visit from one of the stars ron: years ago i made a promise to provide the best for my family, in sicknes
cliff go into effect this is a live look of the senate floor, you see mcconnell the minority leader speaking now. president obama and congressional leaders are not expected to meet this week they want give staffers more time to work through differences first. the president is expected to hit the road to lied public support for his proposal. -- road to mobilize public support for his proposal. >>> current secretary of date will be termed out in 2014, if elected, ye hopes to expand...
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Nov 26, 2012
11/12
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. >> back home, racing toward the fiscal cliff. >> to show our seriousness, which would revenue on the table. >> presidential politics. >> forget about it. >> he is smart and the kind of leader we need for future of our country. >> it really is the nation's laws, losing david patraeus. >> personally, this is a heartbreak. >> full disclosure, we are putting this program together the day before thanksgiving and we come to you with the fervent hope that events will not overcome us. on this day, or families come first, like yours. let's start with the bloody conflict between israel and hamas in the middle east. israel's critics say they're doing more than defending themselves. there was a meeting to come up with a diplomatic solution. >> the goal must be a durable outcome that advances the security and legitimate aspirations of the israelis and palestinians alike. >> if there is a possibility of achieving a long-term solution of this problem through diplomatic means, we prefer that. if not, then i'm sure you understand israel will have to take whatever action is necessary to defend its peo
. >> back home, racing toward the fiscal cliff. >> to show our seriousness, which would revenue on the table. >> presidential politics. >> forget about it. >> he is smart and the kind of leader we need for future of our country. >> it really is the nation's laws, losing david patraeus. >> personally, this is a heartbreak. >> full disclosure, we are putting this program together the day before thanksgiving and we come to you with the fervent hope...
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says that the looming fiscal cliff is already impacting his business. >> right now i'm not that bullish at all. in fact i'd say there's a great uncertainly that's just hanging over the entire economy because we're not confident that our guys can govern anymore. people like me just aren't hiring because we're not confident they can do it. >> well, the white house echoed that concern this morning. a new report says failing to act on the president's plan for middle class americans would freeze the economic recovery. obama's plan includes lower taxes on the first $250,000 earned by every american and tweaking the alternative minimum tax. the white house report estimates that consumer spending would fall by $200 million. now that's more than three times what consumers spent just over this entire holiday weekend. there could be a drag on a range of industries from cars and housing to restaurants and supermarkets, if congress can't reach a deal. and look, pocketbook issues are not the only problem here. carl levin, the democratic senator and chair of the armed services committee said automatic
says that the looming fiscal cliff is already impacting his business. >> right now i'm not that bullish at all. in fact i'd say there's a great uncertainly that's just hanging over the entire economy because we're not confident that our guys can govern anymore. people like me just aren't hiring because we're not confident they can do it. >> well, the white house echoed that concern this morning. a new report says failing to act on the president's plan for middle class americans...
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Nov 26, 2012
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leaders on wednesday morning to discuss the fiscal cliff. lloyd blankfine, the chairman and ceo of honeywell international, the chairman and ceo of at nine also the president and ceo of all state. interesting. from candy bars to caviar beverly hills caviar has brought luxury food to break by preissing the touchscreen caviar vending machine. do you stand there to say which there was a vending machine to give me caviar? also troubles, as cargo prices between 50 and $500 they sprung up in moscow but it is not the only vending machine from sprinkle cupcakes to marijuana up. the institute for the study of four discusses president morsi power grab in a dangerous tension added to the middle east. that is to night. what will it take to get a deal on a fiscal cliff? don't miss it. stocks try to climb back from session lows on news about the fiscal cliff. is it profit taking from the best week in five months were a sign of more selling to come? we will find out. and with five weeks until the cliff, both parties are still really far apart on taxes and
leaders on wednesday morning to discuss the fiscal cliff. lloyd blankfine, the chairman and ceo of honeywell international, the chairman and ceo of at nine also the president and ceo of all state. interesting. from candy bars to caviar beverly hills caviar has brought luxury food to break by preissing the touchscreen caviar vending machine. do you stand there to say which there was a vending machine to give me caviar? also troubles, as cargo prices between 50 and $500 they sprung up in moscow...
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Nov 26, 2012
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well, the white house says concern over the fiscal cliff could hurt consumer confidence during the holiday shopping season. president obama and congressional leaders will get back to work this week trying to agree on a budget plan. if an agreement is the not reached by the end of the year, a series of tax increases and spending cuts will automatically kick in. lawmakers in both major parties say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming brief and republicans should put revenue on the table. >> the big questions are weather republicans are open to some forms of tax increases and whether democrats will consider cuts o to entitlement programs. >> a san francisco couple challenge of the defensive marriage act may be one of several the u.s. supreme court considers this week. the justices will decide whether to hear an appeal from the defenders of the prop 8, the initiative banning gay marriage. they're expected to meet this week to decide which cases it will hear next we're. >>> time for health watc
well, the white house says concern over the fiscal cliff could hurt consumer confidence during the holiday shopping season. president obama and congressional leaders will get back to work this week trying to agree on a budget plan. if an agreement is the not reached by the end of the year, a series of tax increases and spending cuts will automatically kick in. lawmakers in both major parties say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should...
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Nov 26, 2012
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of course we're talking about the fiscal cliff, two big developments. first, a few more key republicans have said they're willing to break navigator kwis's antitax pledge and look at raising revenue and even the house majority leader said republicans realize they have to make a deal. >> it is not about that pledge. it is about trying to solve problems. as we know this election was very much about, number one, what are we going to
of course we're talking about the fiscal cliff, two big developments. first, a few more key republicans have said they're willing to break navigator kwis's antitax pledge and look at raising revenue and even the house majority leader said republicans realize they have to make a deal. >> it is not about that pledge. it is about trying to solve problems. as we know this election was very much about, number one, what are we going to
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that's the only way the country doesn't go over the fiscal cliff. that's in no one's interest. everybody agrees on that. it is really good news that the president is working constructively with the republican leaders in congress, as well as democratic leaders to find the common ground. it exists. we know the broad outlines. but it takes people in a room reasoning together and it is a sign of progress, welcome news for everybody. >> possibly progress. what did you call it? common sense, you know, in your piece, right, that the fact that you had these three guys, potentially willing here, to break this pledge. it is not just a pledge against new taxes, john avalon, or tax hikes, it is against any and all new revenue, correct? >> right. that's the problem and that's the point. most folks would agree at home, no congressman should take a pledge except the pledge of allegiance. problem is this straight jacket that has been self-imposed by folks on the republican side of the aisle because of a conservative activist to say that we can't even raise revenue, i mean, the sweet spot in th
that's the only way the country doesn't go over the fiscal cliff. that's in no one's interest. everybody agrees on that. it is really good news that the president is working constructively with the republican leaders in congress, as well as democratic leaders to find the common ground. it exists. we know the broad outlines. but it takes people in a room reasoning together and it is a sign of progress, welcome news for everybody. >> possibly progress. what did you call it? common sense,...
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Nov 26, 2012
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stuart: no meter between the president and congressional leaders this week, are scheduled on the fiscal cliff talks and that's not sitting well with the markets, down 74 points, as for the price of oil. riots in egypt having no impact on the price of crude, $87 a barrel as of right now. now this, paris hilton opens a new store in mecca. saudi arabia, and that image not sitting well with a lot of of people. the holy muslim city and the woman best known for having a sex tape kind after juxtaposition, isn't it? and joining us now is kelly jane torrence of the weekly standard. kelly jane, i was shocked when i saw this and surprised and then i got to thinking, should paris hilton just go for the money, pure capitalism. open your store in mecca if that's what you want to do. or should she think about women's rights in the place where she's selling handbags? what do you think. >> i think both. talking about capitalism people are saying they're outraged about this, but obviously there's a market for people buying these handbags, otherwise the mall wouldn't open the store and this is not her fir
stuart: no meter between the president and congressional leaders this week, are scheduled on the fiscal cliff talks and that's not sitting well with the markets, down 74 points, as for the price of oil. riots in egypt having no impact on the price of crude, $87 a barrel as of right now. now this, paris hilton opens a new store in mecca. saudi arabia, and that image not sitting well with a lot of of people. the holy muslim city and the woman best known for having a sex tape kind after...
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. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> nbc's mike viqueira reporting. >>> overseas to egypt where the country's newly elected leader has granted himself unchecked power sparking days of clashes and sending the country's stock market into a freefall. our reporter is in cairo with the very latest. ayman, good morning. >> reporter: good morning. egypt's stock market opened for a second straight day, and it plunged already by 4%. now, that's already a day after it lost 10%, and officials there had to stop trading just to prevent it from declining any further. that's the economic turmoil this country finds itself in. there are tons of other political and social unrest unfolding across the egyptian capital, cairo. a short while from now, mourners are going to be praying for one of the victims, and they'll be burying him as well as another one that died in clashes overnight. as a result, egypt's president says he's going to hold meetings today with some of the country's top officials, including the judges
. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> nbc's mike viqueira reporting. >>> overseas to egypt where the country's newly elected leader has granted himself unchecked power sparking days of clashes and sending the country's stock market into a freefall. our reporter is in cairo with the very latest. ayman, good morning. >> reporter: good morning. egypt's stock market opened for a second straight day, and it...
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Nov 26, 2012
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, the focus on the fiscal cliff, going back to august 2011 to look at how we got here. some of the debate and is conferences relating to the passage of the budget control act treating the spending cuts beginning tonight at 8:00 p.m. eastern here on c-span. also tonight at 8:00 on c-span2, "the communicators." the effect federal emergencies have on communications. among our guests for the president of regulatory affairs of the wireless association and and the congressman from the commerce committee. >> are 16 or 17 basis, we have military-run in schools. the average cost to run them per year is $50,000 per student. almost four times what the rest of public education costs. the vast majority of our bases, we use public schools. we could take the money we're spending today, pay every school system $14,000 per child and save billions of dollars per year. with the same or better outcomes. >> this weekend, talking with oklahoma senator tom coburn about the fiscal cliff, affordable care act, and defense -- the future of the republican party. the senator has written about sever
, the focus on the fiscal cliff, going back to august 2011 to look at how we got here. some of the debate and is conferences relating to the passage of the budget control act treating the spending cuts beginning tonight at 8:00 p.m. eastern here on c-span. also tonight at 8:00 on c-span2, "the communicators." the effect federal emergencies have on communications. among our guests for the president of regulatory affairs of the wireless association and and the congressman from the...
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Nov 26, 2012
11/12
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. >>> in washington the looming fiscal cliff is topping the news. >> for the good of the country only if democrats will do entitlement reform. >> without a bipartisan plan, bush era tax cuts will expire. congressional leaders expect another face to face meeting with president obama as soon as this week. >> republican senator john mccain backed off from fiery criticism of susan rice about the 9/11 attack against the u.s. diplomatic post in benghazi libya. >> i think she deserves the ability to explain herself and her position just as she said. but she's not the problem. the problem is the president of the united states who on -- in a debate with mitt romney said that he had said it was a terrorist attack, he hadn 't. >> rice has maintained she based her statements on protesters on cia intelligence available at the time. four americans including u.s. ambassador to libya chris stevens were killed. >>> police are making progress in recovering some 2 million donations made to the salvation early. police in toronto said earlier in the year they discovered a person had made off with donation
. >>> in washington the looming fiscal cliff is topping the news. >> for the good of the country only if democrats will do entitlement reform. >> without a bipartisan plan, bush era tax cuts will expire. congressional leaders expect another face to face meeting with president obama as soon as this week. >> republican senator john mccain backed off from fiery criticism of susan rice about the 9/11 attack against the u.s. diplomatic post in benghazi libya. >> i...
SFGTV: San Francisco Government Television
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Nov 26, 2012
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SFGTV
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cliff. in august of 2011 congress passed the budget control act which threatened automatic spending cuts if congress failed to come up with a planned deficit reduction by 2013. these cuts are what we refer to as sequestration. this would mean an across the board cut of between 7% and 10% of all defense and non-defense federal spending irrespective of policy or its impact on everyday people. these cuts would be absolutely devastating to our national and local economies. our -- show that sequestration will reduce federal funding direct to san francisco by at least 26.5 million dollars a year, every single year. we would see over $5 million of cut to education, and almost $3 million of cuts from public housing. san francisco's allocation of medicare would be cut by $2 million. funding for the wic workforce program would lose almost $5 million. there would be a $1 million cut to housing services for people with hiv and aids and more than $1 million cut to the community development block grant pr
cliff. in august of 2011 congress passed the budget control act which threatened automatic spending cuts if congress failed to come up with a planned deficit reduction by 2013. these cuts are what we refer to as sequestration. this would mean an across the board cut of between 7% and 10% of all defense and non-defense federal spending irrespective of policy or its impact on everyday people. these cuts would be absolutely devastating to our national and local economies. our -- show that...
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>> steve: is president obama doing enough to bring congressional leaders together to avert the fiscal cliff at the end of this year? goodwin says the president should take some advice from one of the predecessors to the oval office. >> if lbj were there now trying to get the fiscal cliff, they'd be sleeping at the white house. boehner would be in one room and lbj would be parading around in his robe. >> steve: fox news legal analyst peter johnson, jr. joins us live this morning. >> that's not the strategy this year. no. it's keep the election going. we've got the internet, rooms of people ready to go. we lost in some ways the public debate on obamacare when the tea party went to rallies, went to a town hall meetings. we're not going to lose it again. print and action kit. unions and certain progressive groups have sent out an action kit. so you can download posters that say middle class over millionaires. so the president is saying the republicans are holding the middle class hostage. but what in fact is happening is the president and the white house is getting a posse together ready
>> steve: is president obama doing enough to bring congressional leaders together to avert the fiscal cliff at the end of this year? goodwin says the president should take some advice from one of the predecessors to the oval office. >> if lbj were there now trying to get the fiscal cliff, they'd be sleeping at the white house. boehner would be in one room and lbj would be parading around in his robe. >> steve: fox news legal analyst peter johnson, jr. joins us live this...
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for the so-called fiscal cliff, we are going back to august of 2011 to look at how we got here, reviewing some of the debates and news conferences related to the budget control act. that begins tonight at 8:00 eastern, here on c-span. and then, the communicators. after hurricane sandy, we examine the impact the federal emergencies have on telecommunications systems. amongst our guests, the vice president of the regulatory affairs association, and congressman rangel, the serves on the commerce committee. -- who serves on the commerce committee. alan krueger spoke today at a briefing about the economy and consumer confidence. this is a little more than one hour. >> special guests. good afternoon, ladies and gentlemen. thank you for your patience. we decided that it would be beneficial to you to have alan krueger joining me here today, as you know. he co-authored a report from the white house on the impact of middle-class tax hikes if they were to occur on retailers and consumer spending. that report is available on whitehouse.gov, if you have not read it. he authored this report for cyber m
for the so-called fiscal cliff, we are going back to august of 2011 to look at how we got here, reviewing some of the debates and news conferences related to the budget control act. that begins tonight at 8:00 eastern, here on c-span. and then, the communicators. after hurricane sandy, we examine the impact the federal emergencies have on telecommunications systems. amongst our guests, the vice president of the regulatory affairs association, and congressman rangel, the serves on the commerce...
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cliff? and i said you know, that -- that issue of whether our democracy can truly function and have leaders that are prepared to make the decision that have to be made in order for this country to govern itself is, i think, you know, the issue that will determine ultimately whether we have national security. it's the same way with the law of the seas. i go to the asia pacific region. they're having materialtorial disputes over, you know, these rocks out there. obviously, it's about the resources that are offshore those rocks. but they're having these disputes over these areas. one of the arguments i make is wait a minute, we have to maintain freedom of the seas. we have to maintain navigation rights. some of these countries look at me and say, you know, what are you talking about? you haven't even approved the law of the seas treaty. how can you tell us what to do here? and they're right. they're right. we are the only industrialized country that has not approved that treaty. the only indust
cliff? and i said you know, that -- that issue of whether our democracy can truly function and have leaders that are prepared to make the decision that have to be made in order for this country to govern itself is, i think, you know, the issue that will determine ultimately whether we have national security. it's the same way with the law of the seas. i go to the asia pacific region. they're having materialtorial disputes over, you know, these rocks out there. obviously, it's about the...
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Nov 26, 2012
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cliff negotiations. there's little evidence of progress from staff level talks over the thanksgiving break and no hints from senate leaders just back in town. >> the senate has spoken and president obama has spoken. he's promised he will not sign any bill to pay for handouts to the wealthiest 2% of americans. i only hope house republicans have been listening. >> we've been responsible even as we've remained firm on this point, no tax increases now for promised spending cut that is won't materialize later. the american people have seen that game before and they won't be fooled again. >> reporter: over at the white house, the talk of breaking the no tax increase pledge got a positive response. >> some of the comments you mentioned are welcome and they represent what we hope is a difference in tone and approach to these problems. >> bottom line, as we always say, talks continue here in washington. the white house says the president did speak with speaker boehner and senator reid over the weekend to touch ba
cliff negotiations. there's little evidence of progress from staff level talks over the thanksgiving break and no hints from senate leaders just back in town. >> the senate has spoken and president obama has spoken. he's promised he will not sign any bill to pay for handouts to the wealthiest 2% of americans. i only hope house republicans have been listening. >> we've been responsible even as we've remained firm on this point, no tax increases now for promised spending cut that is...
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cliff? >> yeah. mostly what we're hearing about is that the staff level there are ongoing negotiations between the white house, between harry reid and the senate majority leader's office and john boehner's office, the house republicans. but so far what we've seen, at least in the principal, is really just highlighting the differences and how stark the differences are. yes, there have been some republicans who have publicly said they are open to poe tengts tax increases, revenue increases, but even more so we're seeing this entrenchment over the military spending cuts, the unwilling nness to see that and we're seeing on the democratic side the idea that maybe it wouldn't be so bad if we went over the fiscal cliff and kicked the can down the road to the next congress which will be more favorable from the liberal perspective to negotiating on these big picture issues. frankly, i think it would be harder to have a compromise on son-in-law of the entitlement reform that republicans want to see, a
cliff? >> yeah. mostly what we're hearing about is that the staff level there are ongoing negotiations between the white house, between harry reid and the senate majority leader's office and john boehner's office, the house republicans. but so far what we've seen, at least in the principal, is really just highlighting the differences and how stark the differences are. yes, there have been some republicans who have publicly said they are open to poe tengts tax increases, revenue increases,...
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cliff. today lawmakers expressed optimism that they're going to be able to reach a deal. let's listen to what senator john mccain of arizona had to say followed by senator dick durbin of illinois. >> we can and must get an agreement. otherwise, i think, first of all, the markets are going to start reacting. >> unfortunately for the last ten days with the house and congress gone for the thanksgiving recess, there hasn't -- much progress hasn't been made, but tomorrow there's no excuse. we're back in town. >> reporter: so there you heard senator durbin say no more excuses, they're back in town, going to have to get back to work. certainly there is more pressure on lawmakers to get this done. the clock is ticking. some people believe that democrats and the president may feel that they have a little bit more leverage since the president was re-elected on a promise to raise taxes on the wealthy. i can tell you that the hope coming out of the meeting, the prior to thanksgiving meeting, we heard fr
cliff. today lawmakers expressed optimism that they're going to be able to reach a deal. let's listen to what senator john mccain of arizona had to say followed by senator dick durbin of illinois. >> we can and must get an agreement. otherwise, i think, first of all, the markets are going to start reacting. >> unfortunately for the last ten days with the house and congress gone for the thanksgiving recess, there hasn't -- much progress hasn't been made, but tomorrow there's no...
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. >>> more now on the end-of-year deadline for the so-called fiscal cliff. a growing number of republican senators are voicing a willingness to break the no tax pledge spearheaded by grover norquist. it's proving to be a more complicated position for house gop leaders including eric cantor who gave this answer when asked about norquist's pledge earlier today on morning joe. >> when i go to the constituents that have re-elected me, it is not about that pledge. it really is about trying to sa solve problems. >> joining me now is. >> domenico montanro. the statement that eric cantor saenlt september to us or his office sent to us, they're still not for tax rates going up. they're okay. the difference is if you're going to be for revenue, the norquist pledge says that you have to have equal tax cuts to offset, that in other words, keep government like norquist likes to say in the bathtub. he doesn't like it to get too big. i think in that way you might see some republicans violate that pledge but i think it's a muj harder pledge to get them to agree to an increa
. >>> more now on the end-of-year deadline for the so-called fiscal cliff. a growing number of republican senators are voicing a willingness to break the no tax pledge spearheaded by grover norquist. it's proving to be a more complicated position for house gop leaders including eric cantor who gave this answer when asked about norquist's pledge earlier today on morning joe. >> when i go to the constituents that have re-elected me, it is not about that pledge. it really is about...
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come up with a deal to avert the fiscal cliff. on january 1st, of course, we would run off the cliff unless action is taken. if there's no deal before that, a series of tax cuts will expire. there will be spending cuts and there will be jobs lost. john harwood with the latest from washington now. john? >> tyler, i'm pretty sure those congressional leaders' bellies were full even before thanksgiving. as you can see from the meeting they had just before the thanksgiving break, they were off to a smiling start with the president of the united states but there hasn't been much progress made since then. let's go over the fiscal cliff by numbers. first of all, they're all one. there's one month left before we go over the cliff if nothing is done. two, there's 1.4 percentage points that the white house says would be shaved off of gdp if middle class taxes go up between now and then. there's about $1 trillion which a democratic aide in the senate tells me they would need for a down payment deal to be done by the end of the year with the r
come up with a deal to avert the fiscal cliff. on january 1st, of course, we would run off the cliff unless action is taken. if there's no deal before that, a series of tax cuts will expire. there will be spending cuts and there will be jobs lost. john harwood with the latest from washington now. john? >> tyler, i'm pretty sure those congressional leaders' bellies were full even before thanksgiving. as you can see from the meeting they had just before the thanksgiving break, they were off...
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president obama and congressional leaders have been talking and possibly to come this week. it's november 26th. they don't have a lot of time. peter doocy with the news from washington. >> harris, republicans and democrats alike think that closing loopholes to raise revenue is a good idea. republicans are resisting the idea that inleasing tax rates on the wealthy will steer the country away from the fiscal cliff even though suspects insist it will. >> i would be very much opposed to raising tax rates, but i believe that we can close a lot of lop holes. >> they have to go up, real or effective tax rates, there are ways of doing this and secondly, we have to gross loopholes. >> lindsey graham is okay with new revenue and willing to cap deductions to get it, but only if democrats agree to reform entitlements like social security and medicare. >> i don't expect the democrats to go for premium ouci do expect them to adjust these entitlement programs before they bankrupt the company. some entilement reform is okay with illinois democratic senator dig durbin, but thinks that social
president obama and congressional leaders have been talking and possibly to come this week. it's november 26th. they don't have a lot of time. peter doocy with the news from washington. >> harris, republicans and democrats alike think that closing loopholes to raise revenue is a good idea. republicans are resisting the idea that inleasing tax rates on the wealthy will steer the country away from the fiscal cliff even though suspects insist it will. >> i would be very much opposed to...
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. >>> in those talks to avoid the so-called fiscal cliff, house democrats are being pressed for compromises on spending cuts. are they going to agree to cuts in medicare and other entitlements in exchange for tax increases? south carolina congressman and assistant democratic leader james clyburn joins me now from south carolina. welcome, congressman. thanks for being with us. >> thank you so much for having me. >> let's talk about these negotiations because ruth marcus from the "washington post" was reporting earlier in our program that in initial talks staff to staff that there was no give at all from the republicans in their initial counteroffer to the white house, no give at all on the extension of the debt ceiling. where do you stand, if there's no give on that? how do you avoid this crisis? >> well, i would hope that those reports are erroneous. the fact of the matter is i think that we have vetted that with the american people. we have now had a very definitive election and i think the american people spoke very loudly as to the approach they would like to take. we know where the pres
. >>> in those talks to avoid the so-called fiscal cliff, house democrats are being pressed for compromises on spending cuts. are they going to agree to cuts in medicare and other entitlements in exchange for tax increases? south carolina congressman and assistant democratic leader james clyburn joins me now from south carolina. welcome, congressman. thanks for being with us. >> thank you so much for having me. >> let's talk about these negotiations because ruth marcus from...
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together for your future. ♪ >>> okay, folks, today we are just 35 days away from the fiscal cliff. what it means for your money and the country's money, straight ahead. >> so, confetti filled with social security numbers. that's what dropped from the sky during a major thanksgiving day parade. this really happened. find out where, straight ahead. >>> remember this picture of a woman caught riding on the back of a manatee? we have now learned that she has been arrested. >> bad idea. >> yeah, very, very bad idea apparently. welcome back to "early start." we're happy you're with us this morning, i'm zoraida sambolin. >> i'm john berman. great to have you back from vacation. >> i am very happy to be here. >> 30 minutes after the hour. crunch time at the capitol. just 35 days until we hit the fiscal cliff, maybe go off that cliff. the lame duck congress starts heading back to capitol hill today. we're starting to see some hints of compromise in the air. several republican senators are suggesting they're at least willing to consider breaking their no tax pledge. according to a new cnn/or
together for your future. ♪ >>> okay, folks, today we are just 35 days away from the fiscal cliff. what it means for your money and the country's money, straight ahead. >> so, confetti filled with social security numbers. that's what dropped from the sky during a major thanksgiving day parade. this really happened. find out where, straight ahead. >>> remember this picture of a woman caught riding on the back of a manatee? we have now learned that she has been arrested....
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. >>> and as the so-called fiscal cliff looms, we're going to take a look back at august of 2011 at some of the debate and news conferences from congress and the white house surrounding the budget control act. this is the law that created sequestration, the automatic spending cuts that are split 50/50 between defense and nondefense spending. that's tonight at 8 eastern on our companion network, c-span. >> you listen to mayor bloomberg who said that the damage was unprecedented, that it may be the worst storm that the city has ever faced, and the tidal search -- previous high was 10 feet, for this storm it was 1. governor christie said the damage in new jersey was unthinkable. i mean, we had fires, we had hurricane-force wind, we had, you know, massive flooding, we had speed of snow. if you look at that and look at the flooding to the subway systems and the shutdown of the stock exchanges, you start to get a sense of the massive scale and scope of this storm, and yet the networks performed. i mean, i've read dozens of stories over the past couple weeks about how for many consumers their o
. >>> and as the so-called fiscal cliff looms, we're going to take a look back at august of 2011 at some of the debate and news conferences from congress and the white house surrounding the budget control act. this is the law that created sequestration, the automatic spending cuts that are split 50/50 between defense and nondefense spending. that's tonight at 8 eastern on our companion network, c-span. >> you listen to mayor bloomberg who said that the damage was unprecedented,...